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Oracle Eliminated 21,000 Jobs in a Year Because of AI — and Warns the Cuts Are Not Over
Technology

Oracle Eliminated 21,000 Jobs in a Year Because of AI — and Warns the Cuts Are Not Over

Oracle's fiscal 2026 annual report became the clearest public admission yet that AI is directly reducing enterprise headcount at scale: 13 percent of the company's global workforce, $1.84 billion in severance costs, and an explicit warning that further reductions are coming as internal AI deployment grows.

CNBC / Bloomberg
enterprise-aiArtificial Intelligence
Getty Images Stock Jumps 200% After Signing Licensing Deal with OpenAI
Artificial Intelligence

Getty Images Stock Jumps 200% After Signing Licensing Deal with OpenAI

Getty Images shares surged roughly 200% in premarket trading Monday after the stock photo giant announced a licensing agreement with OpenAI to integrate its curated image library into ChatGPT's search features. The deal marks a significant pivot for Getty, which previously sued an AI image generator over unauthorized use of its content.

Bloomberg
Openaichatgpt